Kotak Life Insurance Company is a joint venture between Kotak Mahindra Bank (74%) and Old Mutual Plc (26%) headquartered in London. The company started its operations in the year 2001. The official name of the company is Kotak Mahindra Old Mutual Life Insurance Company. The company has more than 200 branches in India.
The Kotak Mahindra Group is one of India's trusted names in financial services. It was established in 1985 and currently caters to the entire spectrum of financial products. Kotak Mahindra Bank is one of its flagship businesses with an established presence as a private bank in the country. Its other established lines of businesses include asset management, broking, investment banking and realty funds.
Old Mutual, based in London, UK has a 165 year old history and has operations in 34 different countries around the world. Its major operations are in US and the UK. It has a portfolio of insurance, asset management, banking and long term savings products.
Market Share of Kotak Life Insurance Company
The following table shows Kotak Life Insurance market share. This is based on the Business premium collected in each of the financial year from 2011-2016.
G Murlidhar is the Managing Director of Kotak Life Insurance Company.
|Claims ratio||77.08||86.97||89.30||92.10||92.04||90.69||90.73||89.09||Yet to be published|
|Market share||1.5||1.2||1||1||1.1||1.1||1.4||1.6||Yet to be published|
Kotak Mahindra Bank has got a go ahead from The Competition Commission of India (CCI) to buy out the 26% stake of joint venture partner Old Mutual in Kotak life insurance arm for Rs 1,293 crore. Kotak Mahindra Life In...
Kotak Life Insurance has launched a new pension plan “Kotak Premier Pension Plan” with assured benefits on death and vestin...
Kotak Life Insurance's Premier Life Plan is a limited premium payment, participating whole life plan. The plan provides insurance c...
The Insurance Regulatory and Development Authority (IRDA) has levied a fine of Rupees Twenty two lacs on Kotak Mahindra Old Mutual Life Insurance Company for violation of certain provisions. IRDA conducted an onsite ...